Bill > S300

Introduced Session

This bill requires the Division of Purchase and Property in the Department of the Treasury to issue an annual report on public contracts awarded to women-owned and minority-owned businesses. This bill requires the Division of Revenue to administer, operate, and continue to develop the Selective Assistance Vendor Information (SAVI) database in the Division of Revenue. Currently, the Chief Diversity Officer in the Division of Purchase and Property is required to monitor the State's public contracting process for the purpose of compiling information on the awarding of contracts to minority-owned and women-owned business enterprises, the total value of all contracts and the percentage of the value of those contracts awarded to minority-owned and women-owned business enterprises. This bill would require the division to issue an annual report to the Governor and the Legislature utilizing the information compiled by the Chief Diversity Officer. The SAVI database currently compiles businesses that are registered as a small business enterprise, including businesses certified as a minority-owned or women-owned business enterprise with the State of New Jersey. The purpose of the database is to identify businesses eligible for mandated State programs such as the New Jersey Small Business Set Aside program, and to aid in matching buyers and vendors for contracting opportunities.

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Tom Kean (R)*,  Joe Pennacchio (R)*,  Troy Singleton (D),  Shirley Turner (D), 

Received in the Assembly, Referred to Assembly State and Local Government Committee (on 11/05/2020)